To Maximize Profits,a Firm Will Employ Workers Until for the Last

question 2

Multiple Choice

To maximize profits,a firm will employ workers until for the last worker employed:

• A) marginal product of labour is equal to the nominal wage rate.
• B) the value of the marginal product of labour is equal to the wage rate.
• C) the value of the marginal product of labour is equal to the price per unit of output.
• D) the value of the marginal product of labour is as high as possible.

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Definitions:

Crosstab Query

A query in a database that aggregates and possibly summarizes data in a tabular format, often used for comparison or analysis.

Append Query

An append query is a type of database query that adds records from one or more sources to the end of a table.

Query Grid

A graphical tool within database software that enables users to create and manipulate SQL queries by arranging table fields graphically.

Delete Query

A command or instruction in a database management system to remove records from a database based on specified criteria.